By Shiwen Yap
KK Fund counts Taizo Son’s Mistletoe and Incubate Fund among LPs for its second vehicle, a $20m fund.
Existing investors Accel Partners and Elevar Equity also joined the round
The Southeast Asia-focused fund was launched in 2016 by TNB Ventures and Australia’s Aura Group with a target of about $50 million.
GrabJobs plans to use the funds to double its team size in existing markets and fuel expansion to other Southeast Asian countries.
They have also formed a JV to invest in autonomous driving and intelligent transportation.
Hargol FoodTech is an Israeli startup that pioneered sustainable grasshopper farming to yield consumable protein. It plans to use the latest funding to increase production capacity to solidify its position as a global provider of alternative protein.
Four angel investors, from tech and finance industry in Hong Kong, participated in the round.
The $32-million Taiwan Entrepreneur Fund, announced by Alibaba founder Jack Ma in 2015, invests in Taiwanese startups.
E-commerce continues to draw the most funding with $2.66 billion; fintech firms stood a distant second with just $151 million.
Megakaryon Corporation, Every, Base and Cognitee, technology businesses based in Tokyo, have raised funding for further growth.